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About Us

Boubyan Bank is known for its provision of exclusive and unique banking services and products which were first introduced by it in the Kuwaiti market. The Bank is also ranked as the best private sector institution in Kuwait in the field of customer service.

Furthermore, creativity and innovation have always been the corner stone for Boubyan Bank’s business model as the bank is keen on reinforcing this value through the innovative digital and electronic banking services, most of which is offered for the first time in the state of Kuwait.

Boubyan Group

Boubyan Bank

Boubyan Bank is a leading Islamic bank based in Kuwait, renowned for its excellence and dedication to customer service and its market leadership in innovation. Boubyan provides retail banking, corporate banking and wealth management services in accordance with provisions of the Noble Islamic Sharia

The Banking group is further comprised of four subsidiaries providing banking, investment and asset management, takaful insurance and property management activities.

BLME

The Bank of London & The Middle East (BLME) is an award-winning, Sharia compliant bank, providing Real Estate focused Wealth Management solutions, Commercial Real Estate Finance and savings products.

Based in London, with offices in the UK and the UAE, BLME became a subsidiary of Boubyan Bank following a successfully acquisition in 2020, consolidating Boubyan’s long-standing ownership in BLME since its foundation in 2007.

Boubyan Capital

Boubyan Capital is a Sharia compliant investment company based in Kuwait. The company provides asset management, alternative investments and brokerage services to institutions and high net worth individuals in addition to managing the propriety investments of the Boubyan Bank Group.

Boubyan Takaful

Boubyan Takaful is a Sharia compliant insurance company based in Kuwait, offering a wide range of Insurance products under all classes of business; Motor, Fire & General Accident, Marine & Aviation, Family Takaful & Medical; all on the basis of Takaful insurance in line with Islamic principles under the supervision of our Sharia Board.

Boubyan National

Boubyan National is a Real Estate Services Company based in Kuwait, providing land and real estate development, rental and leasing, property maintenance, and general contracting services in addition to managing the property interests of the Boubyan Group and working in accordance to the Islamic Sharia and applying the Islamic teachings in all its transactions.

Customer Charter

Our commitment to YOU in achieving excellence in everything we do

What we expect from YOU

Perspective of Islamic Banking

Shari'a Compliant Banking

Islamic banking is a banking or financing activity that complies with Shari'a Islamic law and is applied in practice through the development of Islamic economics.

Offering a combination of services under Shari'a law and ethics cultivates an ideal relationship between banking and business and has progressively dominated the domestic banking landscape across the world in the 21st century.

A primary challenge facing Islamic banking today is the reconciling of its dual role as a business facilitator and a financial institution. The slow evolutionary process of Islamic banking is exemplified in the prevalence of diluted alternative applications of Shari'a principles instead of the ideal balance between the application of the Profit & Loss Sharing (PLS) mode of financing in measured combination with other fixed return modes.

In response to this, Boubyan Bank offers dynamic and comprehensive knowledge in a financial environment conducive to the development of profit-friendly and risk-mitigating Islamic products and instruments, and advocates for a co-operative effort amongst Islamic banks on regional and global scale.

Boubyan Bank’s Islamic banking and financing models include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).

Fatwa Book

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Board of Directors

Abdulaziz Abdullah Dakheel Al-Shaya

Abdulaziz Abdullah Dakheel Al-Shaya

Chairman (Non-Executive)

Skills and Experience:

He joined the Board in 2009. He is a well-known businessman with more than 42 years of experience in general trading and real estate sectors, and he manages a trading company in Kuwait. Mr. Al-Shaya holds a bachelor’s degree in Economics from Kuwait University.

Other current posts:

Adel A Al Majed Blue Background

Adel Abdul Wahab Al-Majed

Vice-Chairman & Group Chief Executive Officer (Executive)

Skills and Experience:

He joined the Board in 2010, and has around 40 years of banking experience. He worked previously at the National Bank of Kuwait (NBK) for more than 25 years, where he held leadership positions, including Deputy Chief Executive Officer and General Manager - Consumer Banking Group. Mr. Al-Majed graduated from the University of Alexandria with a bachelor’s degree in accounting, and attended various executive management development programs at various universities, including Harvard, Wharton, Stanford, and other reputable institutions.

Current Positions:

Adnan Abdullah Al-Othman

Adnan Abdullah Al-Othman

Director (Non-Executive)

Skills and Experience:

He joined the Board in 2016. Mr. Al-Othman is a well-known businessman with more than 42 years of experience in banking and real estate sectors; he owns a real estate company in the State of Kuwait. Mr. Al-Othman holds a bachelor’s degree in Industrial Engineering from Syracuse University - USA.

Current Positions:

Hazim Ali Al-Mutairi

Hazim Ali Al-Mutairi

Director (Non-Executive)

Skills and Experience:

He joined the Board in 2010. He has a well-diversified experience for more than 30 years in the fields of financing, investment, and banking. He is currently the CEO of Credit One Kuwait Holding Company. He graduated from the United States of America with a bachelor’s degree in Finance.

Current Positions:

Mohamed Yousef Al-Saqer

Mohamed Yousef Al-Saqer

Director (Non-Executive)

Skills and Experience:

He joined the Board in 2019. He is a well-known businessman with more than 35 years of business experience. Mr. Al-Saqer holds a bachelor’s degree in Public Administration from Point Park University - USA.

Current Positions:

Waleed Mishari Al-Hamad

Waleed Mishari Al-Hamad

Director (Non-Executive)

Skills and Experience:

He joined the Board in 2010, and is a businessman with more than 30 years of experience in the banking and investment sectors. He is the CEO of a holding company in Kuwait, and holds a bachelor’s degree in Economics, and a Master’s degree in Finance from the United States of America.

Current Positions:

Fahad Ahmad Al-Fouzan

Fahad Ahmad Al-Fouzan

Director (Non-Executive)

Skills and Experience:

Mr. Al-Fouzan is a businessman with more than 39 years of experience, including 30 years of experience in banking sector, where he worked in various leadership positions. He manages a contracting company in Kuwait. Mr. Al-Fouzan holds a bachelor’s degree in Accounting from Kuwait University.

Khalid Ahmad Al-Mudhaf

Khalid Ahmad Al-Mudhaf

Director (Independent)

Skills and Experience:

He joined the Board in 2022. He has legal expertise as he was hired in the Kuwaiti judicial system following his graduation from the Faculty of Law and Sharia. Over the past period, he held several positions, the most prominent of which were Head of the Experts Administration, the Undersecretary for Legal Affairs, and the Undersecretary for Real Estate Registration & Attestation at the Ministry of Justice.

He also held prominent posts at various state bodies such as Deputy Head of the Legal Advice and Legislation Bureau, Chairman of the Public Authority for Assessment of Compensation for Damages, and Head of the General Secretariat of the Central Committee Overseeing Environmental Rehabilitation Projects.

Current Positions:

Waleed Humoud Al-Ayadhi

Waleed Humoud Al-Ayadhi

Director (Independent)

Skills and Experience:

He joined the Board in 2021. He has around 42 years of experience in the banking and insurance sectors, where he was the Deputy CEO of Kuwait Real Estate Bank, and a Deputy CEO at a Kuwaiti Takaful Insurance Company.

Mr. Al-Ayadhi graduated from City University in the U.S.A. with a bachelor’s degree in Business Administration.

Current Positions:

Abdullah Saud Al-Bader

Abdullah Saud Al-Bader

Director (Independent)

Skills and Experience:

He joined the Board in 2022. He enjoys an extensive practical experience in the financial sector in the State of Kuwait. Following his graduation from Kuwait University, Al-Bader worked in the financial sector for over 39 years, where he occupied various positions leading a team to set primary targets. This team set the policies and procedures on the one hand, and guided initiatives to generate profitability and capital returns on the other hand. He also had an effective contribution to planning construction projects executed by the companies he managed.

Mr. Al-Bader graduated from Kuwait University with a bachelor’s degree in Business Administration. Additionally, Mr. Al-Bader attended various programs of Harvard Business School, including the First Middle East Executive Program.

Furthermore, he attended training programs on Islamic financing. In addition to completing a comprehensive training on Islamic finance schemes & services, and financial instruments, Mr. Al-Bader attended a course on transformation to the Islamic system.

Current Positions:

Imran A

Imran A. Ali

Director (Independent)

Skills and Experience:

He joined the Board in 2021. He was a partner at Ernst & Young, and has 40 years of experience serving in five countries across three continents. Mr. Ali is now a life member of the Institute of Chartered Accountants in England and Wales (ICAEW).

Current Positions:

Ahmad Al Fahad

Ahmed Mohammad Al-Fahad

General Manager and Secretary to the Board of Boubyan Bank

Skills and Experience:

With more than 19 years of experience in the banking sector, he has been serving as Secretary to the Board of Boubyan Bank since 2004. He earned his Master’s degree in Islamic Jurisprudence and Principles of Islamic Jurisprudence from Kuwait University. Moreover, he enjoys vast experience through several specialized training programs attended in business management and governance, in addition to excellent business knowledge.

Other Current Positions:

Executive Management

Adel A Al Majed Blue Background

Adel Abdul Wahab Al-Majed

Vice-Chairman & Group Chief Executive Officer

Mr. Al-Majed joined Boubyan Bank in August 2009, and has around 40 years of banking experience. He worked previously at the National Bank of Kuwait (NBK) for more than 25 years, where he held leadership positions, including Deputy Chief Executive Officer and General Manager - Consumer Banking Group. Mr. Al-Majed graduated from the University of Alexandria with a bachelor’s degree in accounting, and attended various executive management development programs at various universities, including Harvard, Wharton, Stanford, and other reputable institutions.

Abdullah Abdulkareem Al-Tuwaijri

Abdullah Abdulkareem Al-Tuwaijri

Chief Executive Officer - Consumer, Private, and Digital Banking

Mr. Al-Tuwaijri joined Boubyan Bank in December 2011 and has more than 32 years of banking experience, including 23 years at NBK. During his time with NBK, he held different leadership roles in retail banking in Kuwait and London. Mr. Al-Tuwaijri got his bachelor’s degree in Finance from Kuwait University, and attended several executive development programs at Harvard Business School, INSEAD, and other reputable institutions.

Abdul-Salam Mohammed Al-Saleh

Abdul-Salam Mohammed Al-Saleh

Chief Executive Officer - Corporate Banking, Financial Control, Treasury and Legal Affairs

Mr. Al-Saleh joined Boubyan Bank in October 2012, and has more than 33 years of banking experience. He worked for 18 years at NBK, where he gained experience in Financial Control and Corporate Banking; and his last position was the Head of Domestic Corporate Banking. Prior to joining the Bank, he worked over 7 years for National Bank of Abu Dhabi (NBAD) as the Regional Manager of its branch in Kuwait. Mr. Al-Saleh got his bachelor’s degree in Finance from Kuwait University, and attended various executive management development programs over the course of his career.

Waleed Khalid Al-Yaqout

Waleed Khalid Al-Yaqout

Group General Manager - Administration Group

Mr. Al-Yaqout joined Boubyan in February 2010, and has around 40 years of banking experience. His previous position was General Manager – Administration and Human Resources Group at NBK. Mr. Al-Yaqout graduated with a bachelor’s degree in Business Administration and Marketing from the University of Ashland in USA, and participated in various executive management development programs at Harvard, Wharton, Stanford and Columbia.

Adel A Al Hammad

Adel Abdullah Al-Hammad

Group General Manager - Human Resources Group

Mr. Al-Hammad joined Boubyan Bank in December 2006, and has more than 37 years of experience in Human Resources Management, out of which 23 years were at NBK, where he held several key positions, the last of which was the Head of Human Resources. Mr. Al-Hammad graduated with a bachelor’s degree in Economics from Kuwait University, and attended several executive management development programs at Harvard and Stanford.

Abdullah Ahmed Al-Mehri

Abdullah Ahmed Al-Mehri

Chief Operating Officer

Mr. Al-Mehri joined Boubyan Bank in January 2019 and has more than 20 years of experience in banking sector. Prior to Boubyan, he was the head of the “Off-site Supervision Department” at the Central Bank of Kuwait. He worked earlier in the Corporate Banking as Executive Manager at First Bank of Abu Dhabi in Kuwait and Senior Manager at National Bank of Kuwait. He holds a bachelor’s degree in accounting from the American University of Cairo and a master’s degree in business administration from the Maastricht University in Kuwait; he attended as well various executive management development programs at Harvard.

Abdullah Abdulmohsen Al-Mejhem

Abdullah Abdulmohsen Al-Mejhem

Chief Private Banking and Consumer Banking

Mr. Al-Mejhem joined Boubyan Bank in 2021 and has more than 20 years of experience in banking sector and financial institutions. Prior to joining Boubyan, he was the General Manager of Private Banking and Individual Finance at Kuwait Finance House. Also, he worked for Deloitte audit and consultancy firm in Kuwait and for Kuwait Investment Authority. He holds a bachelor’s degree in accounting and a master’s degree in business administration (MBA) from Kuwait University; he attended as well various executive management development programs. Furthermore, Mr. Al-Mejhem is a Chartered Accountant in Kuwait.

Ali Yousef Alansari

Ali Yousef Alansari

Group General Manager - Corporate Banking Group

Mr. Ali joined Boubyan back in 2012 and has over 24 years of experience in banking sector started in Kuwait finance house, following his graduation with a bachelor’s degree from Kuwait University. At Boubyan, he occupied several positions, earned several professional certifications, and attended training and leadership programs, chief among which was the General Management Program from Harvard Business School.

Dr

Dr. Bader Saad Alhashel

Chief Risk Officer - Risk Management Group

Dr. Bader Alhashel has been appointed the Chief Risk Officer since 2024 and has worked with Boubyan Bank since 2019 in the Risk Management Group. Dr. Bader carries more than 18 years of experience in Finance. Prior to this, he served as an associate professor in Finance at Kuwait University, complemented by a fellowship at the London School of Economics and has started his career in the investment industry. Dr. Bader Alhashel holds a Ph.D. in Finance and an MBA from Indiana University - Bloomington, along with a Bachelors in Industrial Engineering from Kuwait University with distinction and honors along with having attended executive training. Currently, he contributes to multiple boards in the financial and healthcare industries. A CFA charter holder, Dr. Bader has also worked as a consultant in the banking industry on risk management and as consultant for the government on academic regulation. Noteworthy contributions include research publications in leading international finance journals and has been honored with awards for teaching and research excellence.

Mohamed Ibrahim Ismail

Mohamed Ibrahim Ismail

Group General Manager - Financial Control Group

Mr. Ismail joined Boubyan Bank in 2005 and has about 25 years of banking and financial services experience. He started his career as an external auditor with Deloitte & Touche and then Ernst & Young. In the course of his career, he worked at Kuwait Finance House and Gulf Investment House. Mr. Ismail is a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA), and he holds MBA in Finance from Manchester Business School.

Abdullah Khalifa Al-Nusef

Abdullah Khalifa Al-Nusef

Chief Data Officer

Mr. Al-Nusef joined Boubyan Bank in February 2016 and has more than 15 years of experience in IT and Technology sector. Prior to Boubyan, he was the head of the “Technical Development Department” at the Civil Service Commission Kuwait. He worked in many National IT Projects in Governmental Sector. He holds a bachelor’s degree in Electrical Engineering from the Kuwait University and a master’s degree in Computer Communication from the Gulf University in Bahrain; he attended as well various executive management development programs provided by Wharton and Chicago Booth Schools.

Abdullah Fahad Al Khuzam

Abdullah Fahad Al Khuzam

Chief Information Officer

He joined Boubyan Bank in March 2023 with extensive expertise of 20+ years in information systems and information technology. Before joining Boubyan Bank, he served as Head of IT Strategy & Planning at CBK. Furthermore, he previously served as AGM - Information Technology Group at Boubyan Bank as well as serving as Information Technology Director at KFAS’s Dasman Diabetes Institute in addition to his tenure with Mobile Telecommunications Company - Zain. He holds a B.Sc. in Computer Engineering from Florida Institute of Technology, and he attended many executive leadership development program at Harvard.

Osama Mohammed Shehab

Osama Mohammed Shehab

Chief Digital Officer

Osama joined Boubyan Bank in May 2011 and has over 25 years of banking experience in IT in general and modern FinTech in particular. Moreover, he occupied several IT positions at KFH where he spent over 14 years. Osama graduated from Ain Shams University and attended various executive management development programs at London Business School and many other prestigious institutions.

Adel Rashed Al-Mutairi

Adel Rashed Al-Mutairi

Treasurer - Treasury Group

Mr. Al-Mutairi joined the Bank in 2015 and has over 20 years of experience in banking sector, mainly in treasury services. Prior to joining Boubyan, he held the position as the Deputy Treasurer Warba Bank. Mr. Al-Mutairi holds a bachelor’s degree in Education – Major in Science & Mathematics and a Master of Business Administration from Gulf University for Science & Technology; and he attended the executive management programs at Wharton Business School and Harvard Business School.

Mona A Al Duaij

Mona Abdullatif Al Duaij

Chief Compliance Officer

Ms. Mona joined Boubyan Bank in 2005, and has since acquired many years of experience in the banking sector. She held many positions where she became in charge of the Sales and Distribution Channels Support Department and then moved to the Compliance Department until she was appointed Head of the Compliance Group in 2021. She graduated from Kuwait University, the College of Business Administration - Finance Major in 2005, and then attended many specialized banking programs and many other programs abroad such as KFAS 2018’s Innovation Program from UCLA and a Mini MBA from London in addition to attending various executive management development programs at other prestigious institutions.

Bushra Abdulwahab Al-Wazzan

Bushra Abdulwahab Al-Wazzan

Chief Internal Audit

Ms. Bushra joined Boubyan Bank in 2023 with extensive expertise of 20+ years in the banking sector in Kuwait. Prior to joining Boubyan, Bushra had held several leadership roles in various departments including being the Head of Internal Control, the Head of IT Governance, and the Head of Quality Assurance & Compliance, and had also served as a consultant for one of the top prestigious accounting firms. Besides holding a bachelor’s degree from the University of Kuwait, Ms. Al-Wazzan has earned several International Certifications as she is a Certified ISO Lead Auditor, IRCA QMS Lead Auditor & Internal Auditor, Certified Internal Control Professional (CICP), and she holds an ICA International Advanced Certificate in Governance, Risk and Compliance.

Abdulaziz Fahad Al Duwailah

Abdulaziz Fahad Al Duwailah

Head of Banking Operations Group

Mr. Duwailah joined Boubyan Bank in March 2010, and has around 19 years of banking experience where he worked for many local banks. He occupied several positions at the bank, including Regional Manager - Consumer Banking Group. He was also in charge of the Branch Support Department, and was then transferred the to the Banking Operations Group in 2016, where he held several positions until being promoted to Head of Banking Operations Group in June 2021 after securing the approval of the Central Bank of Kuwait. He earned his MBA from GUST in 2017, and chaired the Operations Committee of Kuwait Banking Association during the period from 2020 to 2021. During his practical experience, he earned many specialized certificates in leadership and strategy from prestigious universities such as Harvard Business School, in addition to attending Strategic Program of Duke University.

Shariah Supervisory Board

It is an independent body of scholars (fuqha’a) specialized in Islamic transactions jurisprudence (fiqh almua’malat). They oversight the Bank’s transactions, activities and products and ensure their compliance with Islamic Shariah provisions and objectives.

Shariah Sheikh Dr

Sheikh Dr. Abdulaziz Khalifa Al-Qasar

Chairman of the Shariah Board

A member of the Shariah Board From 2006, a professor in the Department Jurisprudence of Sharia and Islamic Studies at Kuwait University (1997-2017), a member of the Advisory And Shariah Supervision Authority of a many of Islamic banks, institutions and financial companies inside and outside Kuwait, published many specialized researches and participated in many seminars and conferences of local and international economic jurisprudence

Shariah Sheikh Dr

Sheikh Dr. Esam Khalaf Al-Enezi

Vice Chairman of the Shariah Board

A member of the Shariah Board From 2004, a professor in the Department Jurisprudence of Sharia and Islamic Studies at Kuwait University, a member of the Shari’ah Board of accounting and auditing organization for Islamic financial institutions (AAOIFI), a member of the Advisory And Shariah Supervision Authority of a many of Islamic banks, institutions and financial companies inside and outside Kuwait, published many specialized researches and participated in many seminars and conferences of local and international economic jurisprudence

Shariah Sheikh Dr

Sheikh Dr. Ali Ibrahim Al-Rashid

Member of the Shariah Board

A member of the Shariah Board From 2012, a professor in the Department Jurisprudence and its Foundations of Sharia and Islamic Studies at Kuwait University, a member of the Shari’ah Board of accounting and auditing organization for islamic financial institutions (AAOIFI), a member of the Advisory And Shariah Supervision Authority of a many of Islamic banks, institutions and financial companies inside and outside Kuwait, published many specialized researches and participated in many seminars and conferences of local and international economic jurisprudence

Shariah Sheikh Dr

Sheikh Dr. Mohammed Awad Al-Fuzaie

Member of the Shariah Board

A member of the Shariah Board From 2012, a doctor in the Department Jurisprudence and its Foundations of Sharia and Islamic Studies at Kuwait University, a member of the Shari’ah Standards Committee of accounting and auditing organization for Islamic financial institutions (AAOIFI) previously, a member of the Advisory And Shariah Supervision Authority of a many of Islamic banks, institutions and financial companies inside and outside Kuwait, published many specialized researches and participated in many seminars and conferences of local and international economic jurisprudence

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  1. كتاب الزكاة
  2. كتاب البيوع
  3. كتاب الإجارة
  4. كتاب الإستثمار
  5. كتاب الأسهم
  6. كتاب الصكوك
  7. كتاب الرهن والضمان
  8. كتاب الإعتمادات وخطابات الضمان
  9. كتاب التأمين
  10. كتاب الإستصناع
  11. كتاب التمويل
  12. كتاب الوكالة
  13. كتاب الخدمات المصرفية
  14. كتاب الدعاية والإعلان
  15. الرسوم والعمولات
  16. كتاب المتفرقات

Boubyan Bank Awards